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TEAM INC Director's Dealing 2009

Oct 9, 2009

34287_dirs_2009-10-09_43519c45-6f36-4231-883f-9205d8f4cac5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEAM INC (TISI)
CIK: 0000318833
Period of Report: 2009-10-08

Reporting Person: WILLIAMS SIDNEY B (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-10-08 Common Stock S 8000 $15.8256 Disposed 165577 Direct
2009-10-09 Common Stock S 15542 $15.7523 Disposed 150035 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Director Stock Options $2.58 2011-09-27 Common Stock (30000) 30000 Direct
Director Stock Options $8.08 2014-09-23 Common Stock (30000) 30000 Direct
Director Stock Options $27.72 2017-09-27 Common Stock (30000) 30000 Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $15.714 to $15.90. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: This transaction was executed in multiple trades at prices ranging from $15.70 to $15.842. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Options are fully vested.